does a Salvage Title lower the worth a a vechicle?
2007-04-06 06:48:15 · 6 answers · asked by dubby1934 1 in Cars & Transportation ➔ Buying & Selling
A salvage title is going to reduce the value of a vehicle by about 1/2 or more. Once it's fixed and retitled as "Rebuilt" you will regain some of the value.
2007-04-06 06:57:53 · answer #1 · answered by Gemma 5 · 0⤊ 1⤋
It all depends on what vehicle and how bad and what type of damage was done. I bought a 89 Cadillac De ville with 82000 miles on it that was totaled because the front grill, passenger side fender and hood was damaged. An easy fix and I've got a very smooth riding car that only set me back 2000 bucks.
2007-04-06 15:07:53 · answer #2 · answered by sticker dave 3 · 0⤊ 0⤋
Yes. Also, some insurance companies won't insure salvage vehicles. Check with your insurance provider before you buy. Personally, I wouldn't touch a salvage even if it was a free gift.
2007-04-09 19:58:11 · answer #3 · answered by ACM 4 · 0⤊ 0⤋
Would you want ot buy a car that you know was a total diaster at one time?
Sure, it will reduce the value. How much may depend on the rarity of the car and how desireable they are.
2007-04-06 13:56:10 · answer #4 · answered by Fordman 7 · 0⤊ 0⤋
yes,,by 1/3 to 1/2.... a 20,000 car is worth 10,000 to 15000
2007-04-06 13:51:09 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Oh, certainly, without question!
2007-04-06 15:41:28 · answer #6 · answered by fisherwoman 6 · 0⤊ 0⤋